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Royalty Clerk

Texas operator · RRC P-5 264211

Fed Operating LLC

Fed Operating LLC runs 7 producing leases in 5 Texas counties. The Railroad Commission shows 37,466 barrels of oil and 300,044 mcf of gas in the 12 months through Jul 2026.

Operator dossier · 5 counties

37,466bbl oil, last 12 months−4% vs prior year
Producing leases
7of 9 on record
Counties
5
Biggest county
Reeves County
Biggest field
Phantom (Wolfcamp)

Get checks from Fed Operating LLC?

Upload a royalty check stub or a phone photo. We compare each month with the state numbers for the lease and tell you what to ask.

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Where they work

fewermore

Martin County: 1 producing leaseCrane County: 1 producing leaseGlasscock County: 2 producing leasesReeves County: 2 producing leasesPecos County: 1 producing leaseMartinGlasscockReeves
5 counties with producing leasesClick a county to open it
Gas, last 12 months
300,044 mcf
RRC operator no.
264211
Leases on record
9
Data through
Jul 2026

Production

Five years of Fed Operating LLC output

Monthly totals across every lease the Railroad Commission lists under this operator. When the operator buys or sells leases, its total moves with them.

Oil output from Fed Operating LLC fell 4% over the last 12 months

37.5k bbl in the 12 months through Jul 2026, against 39k bbl in the 12 months before. Peak month: Sep 2022, 7,967 bbl.

Oil output from Fed Operating LLC fell 4% over the last 12 months37.5k bbl in the 12 months through Jul 2026, against 39k bbl in the 12 months before. Peak month: Sep 2022, 7,967 bbl.Oil, bbl per month02,0004,0006,0008,000Peak 7,967 (Sep 22)3,11520222023202420252026
Oil output from Fed Operating LLC fell 4% over the last 12 months37.5k bbl in the 12 months through Jul 2026, against 39k bbl in the 12 months before. Peak month: Sep 2022, 7,967 bbl.Oil, bbl per month02,0004,0006,0008,000Peak 7,967 (Sep 22)3,115'22'23'24'25'26

Gas output from Fed Operating LLC fell 30% over the last 12 months

300k mcf in the 12 months through Jul 2026, against 426k mcf in the 12 months before. Peak month: Dec 2021, 90k mcf.

Gas output from Fed Operating LLC fell 30% over the last 12 months300k mcf in the 12 months through Jul 2026, against 426k mcf in the 12 months before. Peak month: Dec 2021, 90k mcf.Gas, mcf per month025k50k75k100kPeak 90k (Dec 21)24k20222023202420252026
Gas output from Fed Operating LLC fell 30% over the last 12 months300k mcf in the 12 months through Jul 2026, against 426k mcf in the 12 months before. Peak month: Dec 2021, 90k mcf.Gas, mcf per month025k50k75k100kPeak 90k (Dec 21)24k'22'23'24'25'26

SourceTexas Railroad Commission, Production Data Query, summed over every lease reported under operator 264211. Reported through Jul 2026, file dated Sep 18, 2026. The newest month is often revised as operators file late.

Leases

Fed Operating LLC leases, biggest first

Find the lease printed on your statement. Filter by county, sort by output or by change over the year, and open any lease for its ledger.

Showing 7 of 7.

Search by lease name →

SourceTexas Railroad Commission, Production Data Query. Ranked by an approximate value of last-12-month output, so oil and gas wells sort together.

Where they work

Counties and fields where Fed Operating LLC produces

Every county and field links to the others operating there, so you can see who else is drilling around your lease.

Counties, by Fed Operating LLC oil

Reeves County leads

  1. Reeves County2 producing leases17.1kbbl
  2. Martin County1 producing lease11.3kbbl
  3. Glasscock County2 producing leases5,433bbl
  4. Crane County1 producing lease2,551bbl
  5. Pecos County1 producing lease1,844bbl

Fields, by Fed Operating LLC oil

Phantom (Wolfcamp) leads

  1. Phantom (Wolfcamp)2 producing leases · District 08 · Field 7105290017.1kbbl
  2. Spraberry (Trend Area)3 producing leases · District 08 · Field 8528030016.8kbbl
  3. Abell, N. E. (Montoya)1 producing lease · District 08 · Field 002956642,551bbl
  4. Abell (Permian 2200)1 producing lease · District 08 · Field 002925511,844bbl

Recent drilling permits for Fed Operating LLC

No recent drilling permits for Fed Operating LLC are in our data yet.

How to read the statement

How to read a Fed Operating LLC royalty statement

Every operator lays out its stub differently, but the same seven parts are on all of them. This guide is a template, with what public records tell us about Fed Operating LLC added where they help. We have not catalogued Fed Operating LLC’s exact layout yet.

  1. The header: who paid you, and for which check

    Look for the payor name, your owner number, the check number and the check date. Keep the owner number: every call or letter to the operator starts with it.

    What we knowFed Operating LLC is Railroad Commission operator 264211. The name on your check may be a parent company or a payment subsidiary.

  2. The property line: which lease this is

    Each lease you own in gets its own block, named as the operator names it. That name can be shorter than the state's, or carry a suffix such as a well number or unit letter.

    What we knowFed Operating LLC runs 7 producing leases across 5 counties, so one check can list many properties. Find yours in the table above by name, or search for the name printed on the stub.

  3. Product and volume: barrels, mcf, and the month

    The stub shows the production month (the production month, not the check month), the product and your share of the volume. Divide your volume by your decimal to get the lease total, then compare it with the lease page.

    What we knowFor example, open FOUNDERS JOHNSON STATE, RUFUS 20 or FOUNDERS O'BRIEN STATE and read the “oil sold” and “gas sold” columns.

  4. Price: what the operator says it got

    Oil is usually close to the WTI benchmark for the month. Gas prices vary widely: they depend on where the gas is sold and on what the operator subtracts before it reports a price.

    What we knowGas is most of what Fed Operating LLC reports, so the gas price line, and what was subtracted from it, matters more on its statements than the oil price.

  5. Deductions: gathering, compression, processing

    Costs taken after the well. Some leases allow them and some do not; your lease and division order say which. A deduction that appears in one month and not the next is worth a question.

    What we knowAbout 100% of the gas Fed Operating LLC reported in the last 12 months went to processing plants, so expect processing and plant-product lines on gas statements. Another 0.0% went straight to a pipeline.

  6. Taxes: severance and ad valorem

    Texas severance tax is taken from your share: 4.6% of oil value and 7.5% of gas value at market. Ad valorem tax may also appear. The rate on your stub should match these.

  7. Net: gross, minus deductions and taxes, times your share

    Check the arithmetic: volume times price gives gross value, then subtract deductions and taxes. If the net does not match your check, or a month is missing, that is the first thing to ask about.

At a glance

Fed Operating LLC

RRC operator number (P-5)
264211
Producing leases
7
Counties
5
Biggest county
Reeves County
Oil, last 12 months
37,466 bbl
Gas sent to plants
100%
Gas sold to pipelines
0.0%
Gas flared or vented
0.0%

Owner relations

Who to call at Fed Operating LLC

We have not yet added Fed Operating LLC’s owner relations phone, mailing address or online portal. It is usually printed at the top or bottom of your statement. The Railroad Commission also holds an address for the operator under number 264211.

When there is something to ask

We write the question for you, with the numbers behind it, and a letter you can send.
Check a Fed Operating LLC statement